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DOCUMENTATION
CVRDN Introductory:
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What is a CVRDN?
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Summary & Highlights; CVRDN
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Mechanics and Related Benefits
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Advantages & Similarities to VRDN
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Examples of Note Characteristics
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Illustrative Issuance Timeline
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Cost of Borrowing: At a Glance
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Cost and Fee Schedules
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Covering Costs of Issuance
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Highlights of a RTAF
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Glossary of Terms: Introductory
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What Is A Qualified Institutional Buyer
CVRDN Schematics:
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Flowchart; Overview
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Flowchart; The Flow of Cash
CVRDN FAQs:
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FAQ: General
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FAQ: Licensing Process
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FAQ: Principal LCs
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FAQ: Role of Private Guarantor
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FAQ: Note Subscriptions
CVRDN Profiles:
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Buyer-Seller Cooperative Finance
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Amplifying Performance of Equity Fund
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Trade Finance Application: Same Jurisdiction
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Trade Finance Application: Different Jurisdiction
SPEAKING ENGAGEMENTS
To schedule UFT professionals for speaking engagements
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DEUTSCHE BANK SELECTED AS TRUSTEE FOR CVRDN ISSUANCE
LAKE FOREST, IL, (August 21, 2008)
– Deutsche Bank Corporate Trust will be providing corporate trust services in a scheduled issuance of a Collateralized Variable Rate Demand Note (CVRDN).
The issuer of the Note (an undisclosed firm with offices in Athens and Chicago) is the first company to use the CVRDN as a maritime financing alternative. As designed and licensed for use by United Financial Technologies (UFT), a structured product and financial engineering firm (www.unitedft.com), the CVRDN is a debt-based financial instrument that benefits from short-term interest rate pricing over a long-term financing period such that both capital efficiency and access is enhanced for note issuers that are credit-worthy, mid-tier and above companies.
As corporate trustee, Deutsche Bank makes an excellent addition to the specialized and high quality pool of Preferred Vendors and financial service providers available for engagement by qualified UFT clients, according to Joanne Marlowe, UFT’s Chief Executive Officer. “Deutsche Bank possesses an outstanding wealth of knowledge arising from a strong history of operations in the conventional variable rate demand note (VRDN) market, as well as an exceptionally high degree of sophistication in the delivery of its services. We welcome their expert team of professionals to the quality blend of institutions that are available to our Licensees,” Marlowe said.
“The trustee is the conduit that holds any note issuance together throughout its life, and the involvement of a quality, substantial institution like Deutsche Bank -- with one of the best corporate trust divisions in the country -- brings with it great confidence that the job will be done consistently and correctly,” she said.
The CVRDN instrument appeals to companies with capital-intensive business models that consistently utilize debt financing. The CVRDN is an interest-only instrument that increases cash flow and allows large volumes of debt capital to be raised in anticipation of scheduled commercial allocations.
For more information, visit www.unitedft.com.
United Financial Technologies is a privately held company.
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FOR MORE INFORMATION, CONTACT:
Media Relations
mediarelations@unitedft.com
847-604-8055
BECOME A CVRDN LICENSEE
CVRDN Licensee Benefits
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Increase Cash Flow
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Pooled Debt Capital
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Short-term/Weekly Interest Rate Pricing
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15-25 year Finance Term
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No Prepayment Penalties
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Interest-only Coupon
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Option to Fix Interest Rates
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Use Existing Bank Relationships
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Defined Issuance Process
NEWS & PRESS RELEASES
Joanne Marlowe Appears on The Jack Bouroudjian Show
- Listen to podcast.
UFT Preferred Vendor Opens Commercial Credit Web Portal
- UFT Commercial Finance introduces a web portal for Participating Lenders and Commercial Borrowers at www.uftcf.com
Chicago Title Joins Esteemed Family of UFT Preferred Vendors
- UFT signs 113 year old Chicago Title for Title Services
Patent Filed with U.S. Patent Office for Credit Participation Certificates
- Credit Participation Certificates aim at easing tight credit markets.
UFT Builds Bridge to Mid-market Borrowers
- UFT Commercial Finance introduces new credit resource to mid-market sector
Deutsche Bank Selected as Trustee for CVRDN Issuance
- Deutsche Bank to provide corporate trust services
Fifth Third Securities Joins UFT's Preferred Vendor Network
- Fifth Third Securities to act as Placement and Remarketing Agent for UFT's Licensees
UFT's CEO Profiles CVRDN's Role in Infrastructure Finance
- Joanne Marlowe speaks at Int'l Infrastructure Conference.
Citigroup Smith Barney Profiles Joanne Marlowe
- DVD promotes link between Private Wealth Management and Investment Banking Services.
MORE NEWS & PRESS...
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